Securian Asset Management Inc. Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

Securian Asset Management Inc. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,150 shares of the business services provider’s stock after selling 426 shares during the period. Securian Asset Management Inc.’s holdings in Fiserv were worth $6,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Proficio Capital Partners LLC grew its position in shares of Fiserv by 48.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider’s stock worth $485,000 after buying an additional 775 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Fiserv by 7.6% during the fourth quarter. HighTower Advisors LLC now owns 73,772 shares of the business services provider’s stock valued at $15,154,000 after buying an additional 5,214 shares during the period. Great Lakes Advisors LLC increased its stake in shares of Fiserv by 8.6% during the fourth quarter. Great Lakes Advisors LLC now owns 10,845 shares of the business services provider’s stock valued at $2,228,000 after buying an additional 858 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Fiserv by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 108,543 shares of the business services provider’s stock valued at $22,297,000 after acquiring an additional 979 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on FI shares. Barclays cut their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Robert W. Baird lowered their target price on Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $221.23.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

NYSE FI opened at $165.21 on Monday. The company has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.01 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s fifty day moving average price is $169.52 and its 200 day moving average price is $198.11. Fiserv, Inc. has a 1 year low of $153.77 and a 1 year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.